BC Extends the Temporary Rental Supplement to August
On June 19, 2020, the provincial government announced the extension of the temporary rental supplement (“TRS”). The TRS began on April 9, and is now ... Continued
New Regulations Soon in Effect from CMHC
Stricter regulations for mortgage applications will soon be implemented by the Canada Mortgage and Housing Corporation (CMHC). These changes are being implemented in response to ... Continued
Details Emerge on the Administration of the CECRA Program
On Thursday, June 4, 2020, the NAIOP Commercial Real Estate Development Association held a roundtable where members of the Canadian Mortgage and Housing Corporation (CMHC) ... Continued
B.C. Offers Additional Support to CECRA
On Monday, June 1, 2020, the BC Provincial Government announced its intent to provide assistance to small businesses seeking commercial rent relief by putting measures ... Continued
Some Clarity on the Foreign Buyer’s Tax: Amendment to the Property Transfer Tax Regulation
The provincial government recently announced an amendment to the Property Transfer Tax Regulation to provide clarity on how the additional property transfer tax applicable to ... Continued
Many BC Public Hearings Go Electronic
The provincial government repealed and replaced Ministerial Order M083 under the Emergency Program Act with Ministerial Order M139, allowing public hearings to continue in an ... Continued
Considerations for Real Property Transactions in the COVID-19 Era
Now that British Columbia and the rest of Canada are beginning to open back up, and life is gradually returning to a somewhat tempered “normal”, ... Continued
Reopening Businesses in BC: Key Points to Consider as Commercial Space Reopens – Issue #2
Yesterday’s article mentions that commercial property owners and business owners should be aware that Ministerial Order MO94, which protects persons and corporations from liability related ... Continued
Reopening Businesses in BC: Key Points to Consider as Commercial Space Reopens
On May 6, 2020, Premier John Horgan announced B.C.’s plans for lifting restrictions on social distancing, with a goal of reopening certain economic sectors, while ... Continued
Details of the Canada Emergency Commercial Rent Assistance Program Released
This article provides an update to our previous publications regarding the CECRA Canada Emergency Commercial Rent Assistance program (CECRA) for small businesses. Our previous articles ... Continued
COVID-19: Government Supports for Commercial Properties
In light of COVID-19 impacting individuals and businesses across British Columbia, the BC provincial government and the federal government have recently announced new measures geared ... Continued
Details of the Canada Emergency Commercial Rent Assistance Program Released
On April 29th the Government announced new details concerning the CECRA program. Please visit our more recent article to learn more. On April 17, 2020, we published an ... Continued